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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Rental income $ 1,588,400    
Rental income   $ 1,380,422 $ 1,445,871
Total revenues 5,121,306 4,700,499 4,316,641
Expenses:      
Property operating expenses 2,690,042 2,433,017 2,083,925
Depreciation and amortization 1,027,073 950,459 921,720
Interest expense 555,559 526,592 484,622
General and administrative expenses 126,549 126,383 122,008
Loss (gain) on derivatives and financial instruments, net (4,399) (4,016) 2,284
Loss (gain) on extinguishment of debt, net 84,155 16,097 37,241
Provision for loan losses 18,690 0 62,966
Impairment of assets 28,133 115,579 124,483
Other expenses 52,612 112,898 177,776
Total expenses 4,578,414 4,277,009 4,017,025
Income from continuing operations before income taxes and other items 542,892 423,490 299,616
Income tax (expense) benefit (2,957) (8,674) (20,128)
Income (loss) from unconsolidated entities 42,434 (641) (83,125)
Gain (loss) on real estate dispositions, net 748,041 415,575 344,250
Income (loss) from continuing operations 1,330,410 829,750 540,613
Net income 1,330,410 829,750 540,613
Less: Preferred stock dividends 0 46,704 49,410
Less: Preferred stock redemption charge 0 0 9,769
Less: Net income (loss) attributable to noncontrolling interests [1] 97,978 24,796 17,839
Net income (loss) attributable to common stockholders $ 1,232,432 $ 758,250 $ 463,595
Average number of common shares outstanding:      
Basic (in shares) 401,845 373,620 367,237
Diluted (in shares) 403,808 375,250 369,001
Basic:      
Income (loss) from continuing operations (in USD per share) $ 3.31 $ 2.22 $ 1.47
Net income (loss) attributable to common stockholders (in USD per share) 3.07 2.03 1.26
Diluted:      
Income (loss) from continuing operations (in USD per share) 3.29 2.21 1.47
Net income (loss) attributable to common stockholders (in USD per share) $ 3.05 $ 2.02 $ 1.26
Resident fees and services      
Revenues:      
Revenue from contract with customer $ 3,448,175 $ 3,234,852 $ 2,779,423
Interest income      
Revenues:      
Revenue from contract with customer 63,830 55,814 73,811
Other income      
Revenues:      
Revenue from contract with customer $ 20,901 $ 29,411 $ 17,536
[1] Includes amounts attributable to redeemable noncontrolling interests